0000103379 us-gaap:FairValueInputsLevel1Member 2010-10-02 0000103379 us-gaap:FairValueInputsLevel1Member 2010-01-02 0000103379 2010-01-03 2010-04-03 0000103379 vfc:ForeignExchangeContractNetInvestmentHedgeMember 2010-07-04 2010-10-02 0000103379 vfc:ForeignExchangeContractNetInvestmentHedgeMember 2010-01-03 2010-10-02 0000103379 us-gaap:CommonStockMember 2010-01-03 2010-10-02 0000103379 us-gaap:AdditionalPaidInCapitalMember 2010-01-03 2010-10-02 0000103379 us-gaap:CommonStockMember 2009-01-04 2010-01-02 0000103379 us-gaap:AdditionalPaidInCapitalMember 2009-01-04 2010-01-02 0000103379 us-gaap:RetainedEarningsMember 2010-10-02 0000103379 us-gaap:NoncontrollingInterestMember 2010-10-02 0000103379 us-gaap:CommonStockMember 2010-10-02 0000103379 us-gaap:AdditionalPaidInCapitalMember 2010-10-02 0000103379 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-10-02 0000103379 us-gaap:RetainedEarningsMember 2010-01-02 0000103379 us-gaap:NoncontrollingInterestMember 2010-01-02 0000103379 us-gaap:CommonStockMember 2010-01-02 0000103379 us-gaap:AdditionalPaidInCapitalMember 2010-01-02 0000103379 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-01-02 0000103379 us-gaap:RetainedEarningsMember 2009-01-03 0000103379 us-gaap:NoncontrollingInterestMember 2009-01-03 0000103379 us-gaap:CommonStockMember 2009-01-03 0000103379 us-gaap:AdditionalPaidInCapitalMember 2009-01-03 0000103379 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2009-01-03 0000103379 vfc:RestrictedStockAwardMember 2010-01-03 2010-07-03 0000103379 vfc:RestrictedStockAwardMember 2010-01-03 2010-10-02 0000103379 vfc:PerformanceBasedRestrictedStockGrantMember 2010-01-03 2010-10-02 0000103379 vfc:NonperformanceBasedRestrictedStockUnitGrantMember 2010-01-03 2010-10-02 0000103379 vfc:SportswearMember 2010-07-04 2010-10-02 0000103379 vfc:OutdoorActionSportsMember 2010-07-04 2010-10-02 0000103379 vfc:OtherSegmentMember 2010-07-04 2010-10-02 0000103379 vfc:JeanswearMember 2010-07-04 2010-10-02 0000103379 vfc:ImagewearMember 2010-07-04 2010-10-02 0000103379 vfc:ContemporaryBrandsMember 2010-07-04 2010-10-02 0000103379 vfc:SportswearMember 2010-01-03 2010-10-02 0000103379 vfc:OutdoorActionSportsMember 2010-01-03 2010-10-02 0000103379 vfc:OtherSegmentMember 2010-01-03 2010-10-02 0000103379 vfc:JeanswearMember 2010-01-03 2010-10-02 0000103379 vfc:ImagewearMember 2010-01-03 2010-10-02 0000103379 vfc:ContemporaryBrandsMember 2010-01-03 2010-10-02 0000103379 vfc:SportswearMember 2009-07-05 2009-10-03 0000103379 vfc:OutdoorActionSportsMember 2009-07-05 2009-10-03 0000103379 vfc:OtherSegmentMember 2009-07-05 2009-10-03 0000103379 vfc:JeanswearMember 2009-07-05 2009-10-03 0000103379 vfc:ImagewearMember 2009-07-05 2009-10-03 0000103379 vfc:ContemporaryBrandsMember 2009-07-05 2009-10-03 0000103379 vfc:SportswearMember 2009-01-04 2009-10-03 0000103379 vfc:OutdoorActionSportsMember 2009-01-04 2009-10-03 0000103379 vfc:OtherSegmentMember 2009-01-04 2009-10-03 0000103379 vfc:JeanswearMember 2009-01-04 2009-10-03 0000103379 vfc:ImagewearMember 2009-01-04 2009-10-03 0000103379 vfc:ContemporaryBrandsMember 2009-01-04 2009-10-03 0000103379 vfc:TotalOperatingSegmentsMember 2010-07-04 2010-10-02 0000103379 vfc:TotalOperatingSegmentsMember 2010-01-03 2010-10-02 0000103379 vfc:TotalOperatingSegmentsMember 2009-07-05 2009-10-03 0000103379 vfc:TotalOperatingSegmentsMember 2009-01-04 2009-10-03 0000103379 us-gaap:NoncontrollingInterestMember 2010-01-03 2010-10-02 0000103379 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-01-03 2010-10-02 0000103379 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2009-01-04 2010-01-02 0000103379 us-gaap:NoncontrollingInterestMember 2009-01-04 2010-01-02 0000103379 vfc:GoodwillJeanswearMember 2010-01-03 2010-10-02 0000103379 vfc:GoodwillContemporaryBrandsMember 2010-01-03 2010-10-02 0000103379 vfc:GoodwillSportswearMember 2009-01-04 2010-01-02 0000103379 vfc:GoodwillOutdoorActionSportsMember 2009-01-04 2010-01-02 0000103379 vfc:GoodwillContemporaryBrandsMember 2009-01-04 2010-01-02 0000103379 vfc:GoodwillTotalOperatingSegmentsMember 2010-01-03 2010-10-02 0000103379 vfc:GoodwillOutdoorActionSportsMember 2010-01-03 2010-10-02 0000103379 vfc:GoodwillTotalOperatingSegmentsMember 2010-10-02 0000103379 vfc:GoodwillSportswearMember 2010-10-02 0000103379 vfc:GoodwillOutdoorActionSportsMember 2010-10-02 0000103379 vfc:GoodwillJeanswearMember 2010-10-02 0000103379 vfc:GoodwillImagewearMember 2010-10-02 0000103379 vfc:GoodwillContemporaryBrandsMember 2010-10-02 0000103379 vfc:GoodwillTotalOperatingSegmentsMember 2010-01-02 0000103379 vfc:GoodwillSportswearMember 2010-01-02 0000103379 vfc:GoodwillOutdoorActionSportsMember 2010-01-02 0000103379 vfc:GoodwillJeanswearMember 2010-01-02 0000103379 vfc:GoodwillImagewearMember 2010-01-02 0000103379 vfc:GoodwillContemporaryBrandsMember 2010-01-02 0000103379 us-gaap:TrademarksMember 2010-01-03 2010-10-02 0000103379 us-gaap:LicensingAgreementsMember 2010-01-03 2010-10-02 0000103379 us-gaap:CustomerRelationshipsMember 2010-01-03 2010-10-02 0000103379 us-gaap:TrademarksMember 2010-01-02 0000103379 us-gaap:LicensingAgreementsMember 2010-01-02 0000103379 us-gaap:CustomerRelationshipsMember 2010-01-02 0000103379 us-gaap:TrademarksMember 2010-10-02 0000103379 us-gaap:LicensingAgreementsMember 2010-10-02 0000103379 us-gaap:CustomerRelationshipsMember 2010-10-02 0000103379 2009-01-04 2010-01-02 0000103379 us-gaap:RetainedEarningsMember 2010-01-03 2010-10-02 0000103379 us-gaap:RetainedEarningsMember 2009-01-04 2010-01-02 0000103379 us-gaap:FairValueInputsLevel2Member 2010-10-02 0000103379 us-gaap:FairValueInputsLevel2Member 2010-01-02 0000103379 us-gaap:ForeignExchangeContractMember 2010-07-04 2010-10-02 0000103379 us-gaap:ForeignExchangeContractMember 2010-01-03 2010-10-02 0000103379 us-gaap:ForeignExchangeContractMember 2009-07-05 2009-10-03 0000103379 us-gaap:ForeignExchangeContractMember 2009-01-04 2009-10-03 0000103379 us-gaap:InterestRateContractMember 2010-07-04 2010-10-02 0000103379 us-gaap:InterestRateContractMember 2010-01-03 2010-10-02 0000103379 us-gaap:InterestRateContractMember 2009-07-05 2009-10-03 0000103379 us-gaap:InterestRateContractMember 2009-01-04 2009-10-03 0000103379 vfc:CashFlowHedgesTotalMember 2010-07-04 2010-10-02 0000103379 vfc:CashFlowHedgesTotalMember 2010-01-03 2010-10-02 0000103379 vfc:CashFlowHedgesTotalMember 2009-07-05 2009-10-03 0000103379 vfc:CashFlowHedgesTotalMember 2009-01-04 2009-10-03 0000103379 vfc:ForeignExchangeContractCashFlowHedgeMember 2010-07-04 2010-10-02 0000103379 vfc:ForeignExchangeContractCashFlowHedgeMember 2010-01-03 2010-10-02 0000103379 vfc:ForeignExchangeContractCashFlowHedgeMember 2009-07-05 2009-10-03 0000103379 vfc:ForeignExchangeContractCashFlowHedgeMember 2009-01-04 2009-10-03 0000103379 2009-01-03 0000103379 2009-07-05 2009-10-03 0000103379 2010-07-04 2010-10-02 0000103379 2009-01-04 2009-10-03 0000103379 2010-10-02 0000103379 2010-01-02 0000103379 2009-10-03 0000103379 2010-10-30 0000103379 2010-01-03 2010-10-02 iso4217:USD xbrli:shares xbrli:pure iso4217:USD xbrli:shares false --01-01 Q3 2010 2010-10-02 10-Q 0000103379 108463972 Large Accelerated Filer V F CORP

362010000

373186000

482082000

537725000

470765000

613104000

956633000

987430000

1041097000

894000

2737000

2746000

-16347000

-6180000

-6343000

261121000

265970000

242888000

74866000

59671000

17286000

-201708000

-209742000

-229199000

1842147000

1864499000

2002160000

61930000

60380000

60608000

29953000

29621000

4600000

2700000

2500000

2400000

6906166000

6470657000

6679693000

2928733000

2629356000

2874373000

31000000

16900000

4100000

2100000

20000000

9800000

23400000

5700000

381844000

379148000

731549000

402863000

-2696000

-328686000

-1215000

-6208000

2473000

8186000

850000

-4867000

518000

8241000

87000

29000

87000

29000

-267000

-1010000

-1210000

-406000

2245000

-2322000

-832000

432000

-3343000

5456000

-21246000

1755000

1.77

0.59

1.8

0.6

11500000

11000000

10600000

300000000

110813811

110285132

108144163

110814000

110285000

108144000

468972000

265884000

497681000

328381000

-796000

216000

1105000

330000

468176000

266100000

498786000

328711000

2996176000

1165843000

2970084000

1195379000

4705840000

1775915000

4829021000

1877822000

1141700000

939300000

1202600000

1036100000

-45393000

-15131000

-34132000

-11381000

3201000

1067000

2961000

987000

10700000

1100000

40137000

13379000

57538000

19183000

53850000

17950000

57340000

19116000

73485000

24495000

49131000

16377000

11178000

3726000

12236000

4076000

78616000

81618000

6038000

11183000

18738000

2309000

560000

1211000

6322000

6843000

5465000

232000

1693000

3062000

8347000

11743000

19949000

27367000

16794000

54839000

8536000

8527000

13587000

43417000

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b> </b> <div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left">Note N — Derivative Financial Instruments and Hedging Activities </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">     <i>Summary of derivative instruments </i>— All of VF's derivative instruments are forward exchange contracts with maturities of up to 20 months and meet the criteria for hedge accounting at the inception of the hedging relationship. However, derivative instruments that are cash flow hedges of forecasted cash receipts are dedesignated as hedges near the end of their term and, accordingly, do not qualify for hedge accounting after the date of dedesignation. Notional balances for derivative contracts outstanding at September 2010, December 2009 and September 2009 totaled $<font class="_mt">1,520 </font>million, $<font class="_mt">857</font> million and $<font class="_mt">889 </font>million, respectively, and consisted primarily of contracts hedging exposures to the euro, British pound, Mexican peso, Polish zloty and Canadian dollar.  Amounts of outstanding derivatives in the following table are presented on an individual contract basis:</div> <div style="margin-top: 6pt; font-size: 10pt;" align="left"> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10"><b>Fair Value of Derivatives</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10"><b>Fair Value of Derivatives</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="10"><b>with Unrealized Gains</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="10"><b>with Unrealized Losses</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>September</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>December</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>September</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>September</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>December</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>September</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" nowrap="nowrap" align="left">In thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Foreign exchange contracts designated as hedging instruments</div></td> <td> </td> <td align="left">$</td> <td align="right">18,738</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">11,183</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,038</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">54,264</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,769</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">27,303</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Foreign exchange contracts not designated as hedging instruments</div></td> <td> </td> <td> </td> <td align="right">1,211</td> <td> </td> <td> </td> <td> </td> <td align="right">560</td> <td> </td> <td> </td> <td> </td> <td align="right">2,309</td> <td> </td> <td> </td> <td> </td> <td align="right">575</td> <td> </td> <td> </td> <td> </td> <td align="right">25</td> <td> </td> <td> </td> <td> </td> <td align="right">64</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Total derivatives</div></td> <td> </td> <td align="left">$</td> <td align="right">19,949</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">11,743</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,347</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">54,839</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,794</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">27,367</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr></table></div></div> <div style="font-family: 'Times New Roman',Times,serif;"> <div align="center"> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">Outstanding derivatives have been aggregated by counterparty for presentation in the Consolidated Balance Sheets and classified as current or noncurrent based on the derivatives' maturity dates, as follows: </div> <div align="center"> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="64%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td nowrap="nowrap" align="left">In thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="3"><b>September 2010</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="3"><b>December 2009</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="3"><b>September 2009</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Other current assets</div></td> <td> </td> <td align="right">$</td> <td align="right">5,465</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">6,843</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right"> <p>6,322</p></td> <td> <p> </p></td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Accrued current liabilities</div></td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">(35,111</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">(13,476</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">(24,591)</td> <td nowrap="nowrap"> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Other assets (noncurrent)</div></td> <td> </td> <td> </td> <td align="right">3,062</td> <td> </td> <td> </td> <td> </td> <td align="right">1,693</td> <td> </td> <td> </td> <td> </td> <td align="right">232</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Other liabilities (noncurrent)</div></td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">(8,306</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">(111</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">(983)</td> <td nowrap="nowrap"> </td></tr></table> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 6pt; font-size: 10pt;" align="left"><i>     Fair value hedges </i>— VF enters into derivative contracts to hedge intercompany loans between the United States and a foreign subsidiary and between two foreign subsidiaries having different functional currencies. Following is a summary of the effects of fair value hedging relationships included in VF's Consolidated Statements of Income: </div></div></div></div> <div style="font-family: 'Times New Roman',Times,serif;"> <div align="center"> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="23%"> </td> <td width="4%"> </td> <td width="7%"> </td> <td width="4%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="4%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="4%"> </td> <td width="7%"> </td> <td width="4%"> </td> <td width="7%"> </td> <td width="4%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="4%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" nowrap="nowrap" align="left">In thousands</td> <td> </td> <td nowrap="nowrap" align="center"><b>Location</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center"> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center"><b>of Gain</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center"><b>Location of</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="7"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center"><b>(Loss) on</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center"><b>Hedged Items</b></td> <td> </td> <td nowrap="nowrap" align="center"><b>Gain (Loss)</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="7"><b>Gain (Loss) on</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td nowrap="nowrap" align="center"><b>Fair Value</b></td> <td> </td> <td nowrap="nowrap" align="center"><b>Derivatives</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="7"><b>Gain (Loss) on Derivatives</b></td> <td> </td> <td nowrap="nowrap" align="center"><b>in Fair Value</b></td> <td> </td> <td nowrap="nowrap" align="center"><b>Recognized</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="7"><b>Related Hedged Items</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td nowrap="nowrap" align="center"><b>Hedging</b></td> <td> </td> <td nowrap="nowrap" align="center"><b>Recognized</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="7"><b>Recognized in Income</b></td> <td> </td> <td nowrap="nowrap" align="center"><b>Hedge</b></td> <td> </td> <td nowrap="nowrap" align="center"><b>on Related</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="7"><b>Recognized in Income</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center"><b>Relationships</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center"><b>in Income</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="3"><b>Three Months</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="3"><b>Nine Months</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center"><b>Relationships</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center"><b>Hedged Items</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="3"><b>Three Months</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="3"><b>Nine Months</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="top" align="left" colspan="3"> <p align="left" style="border-bottom: 1px solid black;">Periods ended September 2010</p></td> <td> </td> <td valign="top" nowrap="nowrap" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td></tr> <tr valign="bottom"><td valign="top"> <div style="margin-left: 0px; text-indent: 0px;" align="left">Foreign exchange </div></td> <td> </td> <td valign="top" align="center">Miscellaneous income (expense) </td> <td> </td> <td valign="top" nowrap="nowrap" align="right">$</td> <td valign="top" align="right">(2,222)</td> <td valign="top" nowrap="nowrap"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right">$</td> <td valign="top" align="right">20,862</td> <td valign="top" nowrap="nowrap"> </td> <td> </td> <td valign="top" align="left">Advances — intercompany </td> <td> </td> <td valign="top" align="center">Miscellaneous<br />income<br />(expense) </td> <td> </td> <td valign="top" nowrap="nowrap" align="right">$</td> <td valign="top" align="right"> 1,755</td> <td valign="top" nowrap="nowrap"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right">$</td> <td valign="top" align="right">(21,246</td> <td valign="top" nowrap="nowrap">)</td></tr> <tr valign="bottom"><td valign="top"> <div style="margin-left: 0px; text-indent: 0px;"> </div></td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="top" align="left" colspan="3"> <p align="left" style="border-bottom: 1px solid black;">Periods ended September 2009</p></td> <td> </td> <td valign="top" nowrap="nowrap" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td></tr> <tr valign="bottom"><td valign="top"> <div style="margin-left: 0px; text-indent: 0px;" align="left">Foreign exchange </div></td> <td> </td> <td valign="top" align="center">Miscellaneous income (expense) </td> <td> </td> <td valign="top" nowrap="nowrap" align="right">$</td> <td valign="top" align="right">(5,564</td> <td valign="top" nowrap="nowrap">)</td> <td> </td> <td valign="top" nowrap="nowrap" align="right">$</td> <td valign="top" align="right">2,540</td> <td valign="top" nowrap="nowrap"> </td> <td> </td> <td valign="top" align="left">Advances — intercompany </td> <td> </td> <td valign="top" align="center">Miscellaneous<br />income<br />(expense) </td> <td> </td> <td valign="top" nowrap="nowrap" align="right">$</td> <td valign="top" align="right">5,456</td> <td valign="top" nowrap="nowrap"> </td> <td> </td> <td valign="top" nowrap="nowrap" align="right">$</td> <td valign="top" align="right">(3,343</td> <td valign="top" nowrap="nowrap">)</td></tr></table></div> <div style="margin-top: 6pt; font-size: 10pt;" align="left"> <div style="font-family: 'Times New Roman',Times,serif;"> </div></div> <div style="margin-top: 6pt; font-size: 10pt;" align="left"> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 6pt; font-size: 10pt;" align="left"><i>     Cash flow hedges </i>— VF uses derivative contracts to hedge a portion of the exchange risk for its forecasted inventory purchases and production costs and for its forecasted cash receipts arising from sales of inventory. In addition, VF hedges the receipt in the United States of forecasted intercompany royalties from its foreign subsidiaries. As discussed in "derivative contracts not designated as hedges" below, cash flow hedges of forecasted cash receipts are dedesignated as hedges when the sale is recorded, and hedge accounting is not applied after that date. Following is a summary of the effects of cash flow hedging relationships included in VF's Consolidated Statements of Income: </div></div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Location of</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" nowrap="nowrap" align="center">In thousands</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Gain (Loss)</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Gain (Loss) Reclassified</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td nowrap="nowrap" align="center"><b>Cash Flow</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Gain (Loss) on Derivatives</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Reclassified from</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>from Accumulated</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td nowrap="nowrap" align="center"><b>Hedging</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="6"><b>Recognized in OCI</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Accumulated</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="6"><b>OCI into Income</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center"><b>Relationships</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Three Months</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Nine Months</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>OCI into Income</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Three Months</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Nine Moths</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left"><u>Periods ended September 2010</u></div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Foreign exchange</div></td> <td> </td> <td align="left">$</td> <td align="right">(36,261)</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">254</td> <td> </td> <td> </td> <td align="center" colspan="3">Net sales</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">432</td> <td nowrap="nowrap"> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(832</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="3">Cost of goods sold</td> <td> </td> <td> </td> <td align="right">8,186</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">2,473</td> <td nowrap="nowrap"> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="3">Miscellaneous income (expense)</td> <td> </td> <td> </td> <td align="right">(406)</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,210)</td> <td nowrap="nowrap"> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Interest rate</div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="center" colspan="3">Interest expense</td> <td> </td> <td> </td> <td align="right">29</td> <td> </td> <td> </td> <td> </td> <td align="right">87</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 0px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Total</div></td> <td> </td> <td align="left">$</td> <td align="right">(36,261)</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">254</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,241</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">518</td> <td nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left"><u>Periods ended September 2009</u></div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Foreign exchange</div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(13,583</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(14,859</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="3">Net sales</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(2,322</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">2,245</td> <td nowrap="nowrap"> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="3">Cost of goods sold</td> <td> </td> <td> </td> <td align="right">(6,208)</td> <td> </td> <td> </td> <td> </td> <td align="right">(1,215)</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="3">Miscellaneous income (expense)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,010</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">(267)</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Interest rate</div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="center" colspan="3">Interest expense</td> <td> </td> <td> </td> <td align="right">29</td> <td> </td> <td> </td> <td> </td> <td align="right">87</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 0px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Total</div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(13,583</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(14,859</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">(4,867)</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">850</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr></table></div></div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 6pt; font-size: 10pt;" align="left">Amounts recognized in earnings in the three and nine month periods ended September 2010 and September 2009 for the ineffective portion of cash flow hedging relationships were not significant. </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">At September 2010, Accumulated OCI included $<font class="_mt">1.7 </font>million of net deferred pretax gains for foreign exchange contracts that are expected to be reclassified to earnings during the next 12 months. Actual amounts to be reclassified to earnings will depend on exchange rates when currently outstanding derivative contracts are settled.  In addition, VF entered into an interest rate swap derivative contract in 2003 to hedge the interest rate risk for issuance of long-term debt due in 2033. The contract was terminated concurrent with the issuance of the debt, with the realized gain deferred in Accumulated OCI. The remaining pretax deferred gain of $<font class="_mt">2.7</font> million in Accumulated OCI at September 2010 will be reclassified into earnings over the remaining term of the debt. </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left"> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 6pt; font-size: 10pt;" align="left">    <i>Net investment hedges </i>— In limited instances, VF also hedges the risk of variability of its investment in foreign subsidiaries. Changes in the fair value of derivatives designated as net investment hedges, except for any ineffective portion, are reported as a component of OCI and deferred in Accumulated OCI, along with the foreign currency translation adjustments on that investment. Upon settlement of net investment hedges, cash flows are classified in investing activities in the Consolidated Statements of Cash Flows. No amounts were recognized in earnings for the ineffective portion of net investment hedges. Following is a summary of the effects on net investment hedging relationships included in VF's Consolidated Statements of Income: </div> <div style="margin-top: 12pt; font-size: 10pt;" align="left">In thousands </div> <div align="center"> </div> <div align="left"> <div style="border-top: #000000 1px solid; margin-top: 16pt; font-size: 3pt; width: 18%;"> </div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Location of</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td nowrap="nowrap" align="center"><b>Net</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Gain (Loss)</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Gain (Loss) Reclassified</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td nowrap="nowrap" align="center"><b>Investment</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Gain (Loss) on Derivatives</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Reclassified from</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>from Accumulated</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td nowrap="nowrap" align="center"><b>Hedging</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="6"><b>Recognized in OCI</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Accumulated</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="6"><b>OCI into Income</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center"><b>Relationships</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Three Months</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Nine Months</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>OCI into Income</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Three Months</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Nine Months</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Periods ended September 2010</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td align="left"> <div style="margin-left: 15px; text-indent: -15px;">Foreign exchange</div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(87</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(87</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="center" colspan="3">Miscellaneous income (expense) *</td> <td> </td> <td align="left">$</td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">—</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Total</div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(87</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(87</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">—</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr></table></div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td width="3%"> </td> <td width="1%"> </td> <td width="96%"> </td></tr> <tr valign="top"><td nowrap="nowrap" align="left">*</td> <td> </td> <td>To be recognized as a gain (loss) on the sale or substantial liquidation of the hedged net investment.</td></tr></table></div>  </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">  <i>Derivative contracts not designated as hedges </i>— As noted in a preceding section, cash flow hedges of forecasted cash receipts are dedesignated as hedges when the forecasted sale is recognized, and accordingly, hedge accounting is not applied after that date. These derivatives remain outstanding and serve as an economic hedge of foreign currency exposures related to the ultimate collection of the trade receivables. During the period hedge accounting is not applied, changes in the fair value of the derivative contracts are recognized in earnings. For the three and nine months ended September 2010, VF recorded net losses of $<font class="_mt">1.1</font> million and $<font class="_mt">3.1 </font>million, respectively, in Miscellaneous Income (Expense) for derivatives no longer designated as hedging instruments, effectively offsetting the net remeasurement gains on the related accounts receivable. For the three and nine months ended September 2009, VF recorded net losses of $<font class="_mt">1.4</font> million and $<font class="_mt">1.5</font> million, respectively, in Miscellaneous Income (Expense) for derivatives no longer designated as hedging instruments.</div></div></div></div></div> </div>

2540000

-5564000

20862000

-2222000

-14859000

-13583000

254000

1700000

-36261000

1500000

1400000

3100000

1100000

-24591000

-13476000

-35111000

-983000

-111000

-8306000

27303000

16769000

54264000

64000

25000

575000

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note J – Stock-based Compensation</b> </div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 6pt; font-size: 10pt;" align="left">During the first nine months of 2010, VF granted options for <font class="_mt">1,312,072 </font>shares of Common Stock at a weighted average exercise price of $<font class="_mt">74.98</font>, equal to the market value of VF Common Stock on the option grant dates. The options vest in equal annual installments over a three year period. The fair value of these options was estimated using a lattice valuation model, with the following assumptions: expected volatility ranging from <font class="_mt">24</font>% to <font class="_mt">39</font>%, with a weighted average of <font class="_mt">35</font>%; expected term of <font class="_mt">5.5</font> to <font class="_mt">7.6</font> years; expected dividend yield of <font class="_mt">3.7</font>%; and a risk-free interest rate ranging from <font class="_mt">0.2</font>% at six months to <font class="_mt">3.7</font>% at <font class="_mt">10</font> years. The resulting weighted average fair value of these options at their grant dates was $<font class="_mt">18.46</font> per option. </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">Also during the first nine months of 2010, VF granted <font class="_mt">324,302 </font>performance-based restricted stock units that entitle the recipients to receive shares of VF Common Stock at the end of a three year performance period. The actual number of shares that will be earned, if any, will be based on VF's performance over that period. The weighted average fair value of the restricted stock units at the respective grant dates was $<font class="_mt">72.10 </font>per unit. VF also granted <font class="_mt">70,000</font> shares of restricted VF Common Stock with a weighted average fair value at the grant date of $<font class="_mt">82.80 </font>per share and <font class="_mt">37,000</font> restricted stock units with a fair value at the grant dates of $<font class="_mt">87.05</font> per share. These shares and units will vest in 2014, assuming continuation of employment by the grantees through the vesting dates.</div></div></div> </div>

-261682000

-195999000

3.57

1.97

4.74

2.25

3.54

1.94

4.68

2.22

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note L — Earnings Per Share</b> </div> <div style="margin-top: 12pt; font-size: 10pt;" align="left"> </div> <div> <div style="font-family: 'Times New Roman',Times,serif;"> <div align="center"> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Three Months</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Nine Months</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="6"><b>Ended September</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="6"><b>Ended September</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" nowrap="nowrap" align="left">In thousands, except per share amounts</td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Earnings per common share – basic:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Net income attributable to VF Corporation</div></td> <td> </td> <td align="left">$</td> <td align="right">242,787</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">217,920</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">517,138</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">394,386</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Weighted average Common Stock outstanding</div></td> <td> </td> <td> </td> <td align="right">107,881</td> <td> </td> <td> </td> <td> </td> <td align="right">110,881</td> <td> </td> <td> </td> <td> </td> <td align="right">109,093</td> <td> </td> <td> </td> <td> </td> <td align="right">110,372</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Earnings per common share attributable to VF Corporation common stockholders</div></td> <td> </td> <td align="left">$</td> <td align="right">2.25</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1.97</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4.74</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3.57</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Earnings per common share – diluted:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Net income attributable to VF Corporation</div></td> <td> </td> <td align="left">$</td> <td align="right">242,787</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">217,920</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">517,138</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">394,386</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Weighted average Common Stock outstanding</div></td> <td> </td> <td> </td> <td align="right">107,881</td> <td> </td> <td> </td> <td> </td> <td align="right">110,881</td> <td> </td> <td> </td> <td> </td> <td align="right">109,093</td> <td> </td> <td> </td> <td> </td> <td align="right">110,372</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Stock options and other dilutive securities</div></td> <td> </td> <td> </td> <td align="right">1,309</td> <td> </td> <td> </td> <td> </td> <td align="right">1,264</td> <td> </td> <td> </td> <td> </td> <td align="right"> <p>1,399</p></td> <td> </td> <td> </td> <td> </td> <td align="right">1,099</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Weighted average Common Stock and dilutive securities outstanding</div></td> <td> </td> <td> </td> <td align="right">109,190</td> <td> </td> <td> </td> <td> </td> <td align="right">112,145</td> <td> </td> <td> </td> <td> </td> <td align="right">110,492</td> <td> </td> <td> </td> <td> </td> <td align="right">111,471</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Earnings per common share attributable to VF Corporation common stockholders</div></td> <td> </td> <td align="left">$</td> <td align="right">2.22</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1.94</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4.68</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3.54</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr></table></div></div></div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">Outstanding options to purchase <font class="_mt">2.4 </font>million shares and <font class="_mt">2.5</font> million shares of Common Stock for the three and nine months ended September 2010, respectively, and outstanding options to purchase <font class="_mt">2.7</font> million shares and <font class="_mt">4.6</font> million shares for the three and nine months ended September 2009, respectively, were excluded from the computations of diluted earnings per share because the effect of their inclusion would have been antidilutive. In addition, performance-based restricted stock units were excluded from the computation of diluted earnings per share for the three and nine month periods ended September 2010 and 2009 because their performance factor is not known until the annual financial results are available.</div></div> </div>

0.27

0.3

0.256

0.037

5824000

-17770000

-35420000

39637000

7900000

4648000

3280000

<div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="52%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="11"><b>Fair Value Using:</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="3"><b>Quoted Prices</b></td> <td> </td> <td align="center" colspan="3"><b>Significant</b></td> <td> </td> <td align="center" colspan="3"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="3"><b>in Active</b></td> <td> </td> <td align="center" colspan="3"><b>Other</b></td> <td> </td> <td align="center" colspan="3"><b>Significant</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td align="center" colspan="3"><b>Total</b></td> <td> </td> <td align="center" colspan="3"><b>Markets for</b></td> <td> </td> <td align="center" colspan="3"><b>Observable</b></td> <td> </td> <td align="center" colspan="3"><b>Unobservable</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td align="center" colspan="3"><b>Fair</b></td> <td> </td> <td align="center" colspan="3"><b>Identical Assets</b></td> <td> </td> <td align="center" colspan="3"><b>Inputs</b></td> <td> </td> <td align="center" colspan="3"><b>Inputs</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" align="left">In thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="3"><b>Value</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="3"><b>(Level 1)</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="3"><b>(Level 2)</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="3"><b>(Level 3)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left"><u>September 2010</u></div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Financial assets:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Cash equivalents:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Money market funds</div></td> <td> </td> <td align="right">$</td> <td align="right">132,213</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">132,213</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">—</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Time deposits</div></td> <td> </td> <td> </td> <td align="right">109,682</td> <td> </td> <td> </td> <td> </td> <td align="right">109,682</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Derivative instruments</div></td> <td> </td> <td> </td> <td align="right">8,527</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">8,527</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Investment securities:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Held for deferred compensation plans</div></td> <td> </td> <td> </td> <td align="right">178,160</td> <td> </td> <td> </td> <td> </td> <td align="right">140,639</td> <td> </td> <td> </td> <td> </td> <td align="right">37,521</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Other</div></td> <td> </td> <td> </td> <td align="right">10,073</td> <td> </td> <td> </td> <td> </td> <td align="right">10,073</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Financial liabilities:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Derivative instruments</div></td> <td> </td> <td> </td> <td align="right">43,417</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">43,417</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Deferred compensation</div></td> <td> </td> <td> </td> <td align="right">205,451</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">205,451</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left"><u>December 2009</u></div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Financial assets:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Cash equivalents:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Money market funds</div></td> <td> </td> <td align="right">$</td> <td align="right">372,516</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">372,516</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">—</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Time deposits</div></td> <td> </td> <td> </td> <td align="right">81,554</td> <td> </td> <td> </td> <td> </td> <td align="right">81,554</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Derivative instruments</div></td> <td> </td> <td> </td> <td align="right">8,536</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">8,536</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Investment securities:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Held for deferred compensation plans</div></td> <td> </td> <td> </td> <td align="right">175,198</td> <td> </td> <td> </td> <td> </td> <td align="right">133,764</td> <td> </td> <td> </td> <td> </td> <td align="right">41,434</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Other</div></td> <td> </td> <td> </td> <td align="right">7,108</td> <td> </td> <td> </td> <td> </td> <td align="right">7,108</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Financial liabilities:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Derivative instruments</div></td> <td> </td> <td> </td> <td align="right">13,587</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">13,587</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Deferred compensation</div></td> <td> </td> <td> </td> <td align="right">199,831</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">199,831</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr></table> </div>

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b> </b> <div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note M — Fair Value Measurements</b> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">Fair value is the price that would be received from the sale of an asset or paid to transfer a liability (i.e., an exit price) in the principal or most advantageous market in an orderly transaction between market participants. In determining fair value, the accounting standards distinguish between (i) market data obtained or developed from independent sources (i.e., observable data inputs) and (ii) a reporting entity's own data and assumptions that market participants would use in pricing an asset or liability (i.e., unobservable data inputs). Financial assets and financial liabilities measured and reported at fair value are classified in a three level hierarchy that prioritizes the inputs used in the valuation process. The hierarchy is based on the observability and objectivity of the pricing inputs, as follows: <div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 6pt;"> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000;" valign="top"><td nowrap="nowrap" align="left" width="1%"><b>•</b></td> <td width="1%"> </td> <td>Level 1 — Quoted prices in active markets for identical assets or liabilities.</td></tr></table></div></div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 6pt;"> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000;" valign="top"><td nowrap="nowrap" align="left" width="1%"><b>•</b></td> <td width="1%"> </td> <td>Level 2 — Significant directly observable data (other than Level 1 quoted prices) or significant indirectly observable data through corroboration with observable market data. Inputs would normally be (i) quoted prices in active markets for similar assets or liabilities, (ii) quoted prices in inactive markets for identical or similar assets or liabilities or (iii) information derived from or corroborated by observable market data.</td></tr> <tr><td style="font-size: 6pt;"> </td></tr> <tr style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000;" valign="top"><td nowrap="nowrap" align="left" width="1%"><b>•</b></td> <td width="1%"> </td> <td>Level 3 — Prices or valuation techniques that require significant unobservable data inputs. Inputs would normally be a reporting entity's own data and judgments about assumptions that market participants would use in pricing the asset or liability.</td></tr></table></div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">The fair value measurement level for an asset or liability is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">The following table summarizes the classes of financial assets and financial liabilities measured and recorded at fair value on a recurring basis at the dates indicated: </div> <div align="center"> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="52%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="11"><b>Fair Value Using:</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Quoted Prices</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Significant</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>in Active</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Other</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Significant</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Total</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Markets for</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Observable</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Unobservable</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Fair</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Identical Assets</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Inputs</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Inputs</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" nowrap="nowrap" align="left">In thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="3"><b>Value</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="3"><b>(Level 1)</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="3"><b>(Level 2)</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="3"><b>(Level 3)</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left"><u>September 2010</u></div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Financial assets:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Cash equivalents:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Money market funds</div></td> <td> </td> <td align="right">$</td> <td align="right">132,213</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">132,213</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">—</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Time deposits</div></td> <td> </td> <td> </td> <td align="right">109,682</td> <td> </td> <td> </td> <td> </td> <td align="right">109,682</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Derivative instruments</div></td> <td> </td> <td> </td> <td align="right">8,527</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">8,527</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Investment securities:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Held for deferred compensation plans</div></td> <td> </td> <td> </td> <td align="right">178,160</td> <td> </td> <td> </td> <td> </td> <td align="right">140,639</td> <td> </td> <td> </td> <td> </td> <td align="right">37,521</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Other</div></td> <td> </td> <td> </td> <td align="right">10,073</td> <td> </td> <td> </td> <td> </td> <td align="right">10,073</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Financial liabilities:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Derivative instruments</div></td> <td> </td> <td> </td> <td align="right">43,417</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">43,417</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Deferred compensation</div></td> <td> </td> <td> </td> <td align="right">205,451</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">205,451</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left"><u>December 2009</u></div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Financial assets:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Cash equivalents:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Money market funds</div></td> <td> </td> <td align="right">$</td> <td align="right">372,516</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">372,516</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">—</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Time deposits</div></td> <td> </td> <td> </td> <td align="right">81,554</td> <td> </td> <td> </td> <td> </td> <td align="right">81,554</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Derivative instruments</div></td> <td> </td> <td> </td> <td align="right">8,536</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">8,536</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Investment securities:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Held for deferred compensation plans</div></td> <td> </td> <td> </td> <td align="right">175,198</td> <td> </td> <td> </td> <td> </td> <td align="right">133,764</td> <td> </td> <td> </td> <td> </td> <td align="right">41,434</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">   Other</div></td> <td> </td> <td> </td> <td align="right">7,108</td> <td> </td> <td> </td> <td> </td> <td align="right">7,108</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Financial liabilities:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Derivative instruments</div></td> <td> </td> <td> </td> <td align="right">13,587</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">13,587</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Deferred compensation</div></td> <td> </td> <td> </td> <td align="right">199,831</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">199,831</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr></table></div></div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 6pt; font-size: 10pt;" align="left">Derivative instruments represent unrealized gains or losses on foreign currency forward exchange contracts, which are the differences between (i) the functional currency value of the foreign currency to be received or paid at the contracts' settlement date and (ii) the functional currency value to be sold or purchased at the forward exchange rate at the balance sheet dates. VF purchases investment securities that substantially mirror liabilities to participants in VF's nonqualified deferred compensation plans. These securities, held in an irrevocable trust, consist of mutual funds (classified as Level 1) and a separately managed fixed income fund (classified as Level 2). Fair value of the separately managed fixed income fund included in investment securities is its daily net asset value. Fair value of liabilities under deferred compensation plans is the amount payable to participants, based on the fair value of participant-directed investment selections. </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">The carrying value of all other financial assets and financial liabilities is their cost, which may differ from fair value. At September 2010 and December 2009, the carrying value of VF's cash held as demand deposits, accounts receivable, life insurance contracts, short-term borrowings, accounts payable and accrued liabilities approximated their fair value. At September 2010 and December 2009, the carrying value of VF's long-term debt, including the current portion, was $<font class="_mt">939.3</font> million and $<font class="_mt">1,141.7</font> million, respectively, compared with fair value of $<font class="_mt">1,036.1</font> million and $<font class="_mt">1,202.6</font> million at those dates. Fair value for long-term debt was estimated based on quoted market prices or values of comparable borrowings. </div></div></div></div></div></div></div></div></div> </div>

101704000

49564000

10001000

9700000

9800000

447392000

179773000

15097000

505101000

361039000

137477000

6615000

480993000

345688000

130209000

5096000

32100000

33100000

39300000

34700000

37400000

1472150000

1367680000

379198000

56703000

238930000

535535000

157314000

1367680000

1370262000

337530000

56703000

237524000

581191000

157314000

1370262000

16938000

-78000

12300000

31100000

58500000

-2324000

-1406000

-10548000

-14278000

538816000

297491000

696324000

335197000

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note K – Income Taxes</b> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">The effective income tax rate was <font class="_mt">25.6</font>% for the first nine months of 2010, compared with <font class="_mt">27.0</font>% in the comparable period of 2009. The lower rate in 2010 was due to a higher percentage of income in lower tax jurisdictions outside the United States and a $<font class="_mt">13.0</font> million tax benefit related to refund claims in a foreign jurisdiction . The effective tax rate for the full year 2009 was <font class="_mt">30.0</font>%, which included a <font class="_mt">3.7</font>% unfavorable impact from nondeductible goodwill impairment charges. </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">VF files a consolidated U.S. federal income tax return, as well as separate and combined income tax returns in numerous states and foreign jurisdictions. In the United States, the Internal Revenue Service ("IRS") completed its examination of tax years 2004, 2005 and 2006, and VF has appealed the results of this examination to the IRS Appeals office.  During the third quarter of 2010, the IRS commenced its examination of tax years 2007 and 2008.  Tax years 2003 to 2008 are under examination by the State of Alabama, and tax years 2006 and 2007 are under examination by the State of California. VF is also currently subject to examination by various other taxing authorities. Management believes that some of these audits and negotiations will conclude during the next 12 months. </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">The amount of unrecognized tax benefits increased by $<font class="_mt">8.7</font> million during the first nine months of 2010 primarily due to an $<font class="_mt">8.3</font> million increase during the first quarter of 2010 related to positions taken in prior periods. Management believes that it is reasonably possible that the amount of unrecognized income tax benefits may decrease during the next 12 months by approximately $<font class="_mt">29.1</font> million, of which $<font class="_mt">28.1</font> million would reduce income tax expense, due to the completion of audits and other settlements with tax authorities and the expiration of statutes of limitations. In addition, VF is pursuing potential refund claims in various tax jurisdictions that could reduce income tax expense in a future period. </div></div> </div>

145343000

79430000

178121000

91943000

13000000

-79225000

110382000

-237209000

-332006000

3598000

-1890000

17128000

24675000

-1945000

-249593000

3594000

116654000

-26999000

3528000

-1635000

-6584000

1030020000

1034268000

<div> <div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note E </b>– <b>Intangible Assets</b> </div> <div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="10"><b>September 2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>December 2009</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Weighted</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Gross</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Net</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Net</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Average</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Carrying</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Accumulated</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Carrying</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Carrying</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" nowrap="nowrap" align="left">Dollars in thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Life *</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Amount</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Amortization</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Amount</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Amount</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Amortizable intangible assets:</div></td> <td> </td> <td> <p> </p></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Customer relationships</div></td> <td> </td> <td align="center" colspan="3"><font class="_mt">19 </font>years</td> <td> </td> <td align="left">$</td> <td align="right"> <p>447,392</p></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">101,704</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">345,688</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">361,039</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">License agreements</div></td> <td> </td> <td align="center" colspan="3"><font class="_mt">24 </font>years</td> <td> </td> <td> </td> <td align="right">179,773</td> <td> </td> <td> </td> <td> </td> <td align="right">49,564</td> <td> </td> <td> </td> <td> </td> <td align="right">130,209</td> <td> </td> <td> </td> <td> </td> <td align="right">137,477</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Trademarks and other</div></td> <td> </td> <td align="center" colspan="3"><font class="_mt">7 </font>years</td> <td> </td> <td> </td> <td align="right">15,097</td> <td> </td> <td> </td> <td> </td> <td align="right">10,001</td> <td> </td> <td> </td> <td> </td> <td align="right">5,096</td> <td> </td> <td> </td> <td> </td> <td align="right">6,615</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Amortizable intangible assets, net</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">480,993</td> <td> </td> <td> </td> <td> </td> <td align="right">505,101</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Indefinite-lived intangible assets:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Trademarks</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1,034,268</td> <td> </td> <td> </td> <td> </td> <td align="right">1,030,020</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Intangible assets, net</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,515,261</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,535,121</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr></table></div> <div align="left"> </div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td width="3%"> </td> <td width="1%"> </td> <td width="96"> </td></tr> <tr valign="top"><td nowrap="nowrap" align="left">*</td> <td> </td> <td>Amortization of customer relationships – accelerated methods; license agreements – accelerated and straight-line methods; trademarks and other – accelerated and straight-line methods.</td></tr></table></div></div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 6pt; font-size: 10pt;" align="left"> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">Amortization of intangible assets for the third quarter and first nine months of 2010 was $<font class="_mt">9.8 </font>million and $2<font class="_mt">9.7</font> million, respectively, and is expected to be $<font class="_mt">39.3</font> million for the year 2010. Estimated amortization expense for the years 2011 through 2014 is $<font class="_mt">37.4</font> million, $<font class="_mt">34.7</font> million, $<font class="_mt">33.1</font> million and $<font class="_mt">32.1</font> million, respectively. </div></div> </div>

1566640000

1535121000

1515261000

65159000

21325000

61550000

20557000

-63409000

-20905000

-59950000

-19947000

1750000

420000

1600000

610000

976175000

772458000

994076000

1171151000

958639000

1211307000

123198000

115674000

139311000

71778000

70507000

77920000

6906166000

6470657000

6679693000

1355057000

1092583000

1146959000

939143000

938494000

936511000

203147000

203179000

2751000

557000

-1866000

-761000

-480000

-2255000

-634835000

-270139000

-124705000

263874000

448624000

394386000

217920000

517138000

242787000

-913000

141000

1065000

467000

-60261000

-20400000

-51005000

-19348000

889000000

857000000

1520000000

599077000

317891000

747329000

354545000

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note A – Basis of Presentation</b> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">VF Corporation (and its subsidiaries, collectively known as "VF") uses a 52/53 week fiscal year ending on the Saturday closest to December 31 of each year. For presentation purposes herein, all references to periods ended September 2010, December 2009 and September 2009 relate to the fiscal periods ended on October 2, 2010, January 2, 2010 and October 3, 2009, respectively. </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and do not include all of the information and notes required by generally accepted accounting principles ("GAAP") in the United States of America for complete financial statements. Similarly, the December 2009 consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by GAAP. In the opinion of management, the accompanying unaudited consolidated financial statements contain all normal and recurring adjustments necessary to fairly present the consolidated financial position, results of operations and cash flows of VF for the interim periods presented. Operating results for the three and nine months ended September 2010 are not necessarily indicative of results that may be expected for any other interim period or for the year ending January 1, 2011. For further information, refer to the consolidated financial statements and notes included in VF's Annual Report on Form 10-K for the year ended December 2009 ("2009 Form 10-K"). </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">Certain prior year amounts, none of which are material, have been reclassified to conform with the 2010 presentation. </div></div> </div>

12346000

12141000

275556000

163028000

161345000

308563000

324322000

321623000

3201000

1067000

2961000

987000

-18724000

-6242000

-14011000

-5387000

37468000

74000

-42385000

40000

68598000

53334000

-54361000

124889000

15818000

10452000

-12016000

19473000

74703000

48039000

-19417000

85457000

25021000

23082000

850000

-4997000

518000

8241000

327000

-1924000

200000

3176000

45393000

15131000

34132000

11381000

-14859000

-13583000

254000

-36261000

510000

-163000

-5725000

-5233000

99000

-13969000

1710000

478000

-408000

3553000

9000

-417000

754398000

626295000

657914000

80601000

54647000

3148000

505000

8945000

599000

57746000

73592000

-4175000

6842000

52988000

322206000

195550000

195999000

207219000

38446000

9349000

5825000

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note G — Pension Plans</b> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">VF's pension cost was composed of the following components: </div> <div align="center"> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="52%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Three Months</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6"><b>Nine Months</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="6"><b>September</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="6"><b>September</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" nowrap="nowrap" align="left">In thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Service cost — benefits earned during the year</div></td> <td> </td> <td align="left">$</td> <td align="right">4,076</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,726</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">12,236</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">11,178</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Interest cost on projected benefit obligations</div></td> <td> </td> <td> </td> <td align="right">19,116</td> <td> </td> <td> </td> <td> </td> <td align="right">17,950</td> <td> </td> <td> </td> <td> </td> <td align="right">57,340</td> <td> </td> <td> </td> <td> </td> <td align="right">53,850</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Expected return on plan assets</div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(19,183</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(13,379</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(57,538</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(40,137</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Amortization of:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Actuarial losses</div></td> <td> </td> <td> </td> <td align="right">11,381</td> <td> </td> <td> </td> <td> </td> <td align="right">15,131</td> <td> </td> <td> </td> <td> </td> <td align="right">34,132</td> <td> </td> <td> </td> <td> </td> <td align="right">45,393</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Prior service costs</div></td> <td> </td> <td> </td> <td align="right">987</td> <td> </td> <td> </td> <td> </td> <td align="right">1,067</td> <td> </td> <td> </td> <td> </td> <td align="right">2,961</td> <td> </td> <td> </td> <td> </td> <td align="right">3,201</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Net periodic pension cost</div></td> <td> </td> <td align="left">$</td> <td align="right">16,377</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">24,495</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">49,131</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">73,485</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr></table></div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">During the first nine months of 2010, VF made contributions totaling $<font class="_mt">10.7</font> million to its defined benefit pension plans. VF currently anticipates making additional contributions totaling $<font class="_mt">1.1 </font>million during the remainder of 2010. In addition, although not required under applicable regulations, VF is evaluating additional contributions of up to $<font class="_mt">100</font> million to its domestic pension plan during the remainder of the year.</div></div></div></div> </div>

25000000

47418000

80680000

393473000

-2813000

461271000

218061000

518203000

1065000

517138000

243254000

1586713000

1601608000

1639271000

630080000

614178000

598174000

1102878000

776140000

1098858000

<div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="6"><b>Three Months Ended September</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="6"><b>Nine Months Ended September</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" align="left">In thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2009</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Coalition revenues:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Outdoor & Action Sports</div></td> <td> </td> <td align="left">$</td> <td align="right">1,045,111</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">904,625</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,308,120</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,021,095</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Jeanswear</div></td> <td> </td> <td> </td> <td align="right">671.023</td> <td> </td> <td> </td> <td> </td> <td align="right">664,801</td> <td> </td> <td> </td> <td> </td> <td align="right">1,849,104</td> <td> </td> <td> </td> <td> </td> <td align="right">1,877,605</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Imagewear</div></td> <td> </td> <td> </td> <td align="right">243,075</td> <td> </td> <td> </td> <td> </td> <td align="right">221,246</td> <td> </td> <td> </td> <td> </td> <td align="right">675,598</td> <td> </td> <td> </td> <td> </td> <td align="right">643,203</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Sportswear</div></td> <td> </td> <td> </td> <td align="right">129,011</td> <td> </td> <td> </td> <td> </td> <td align="right">149,050</td> <td> </td> <td> </td> <td> </td> <td align="right">340,262</td> <td> </td> <td> </td> <td> </td> <td align="right">356,935</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Contemporary Brands</div></td> <td> </td> <td> </td> <td align="right">113,303</td> <td> </td> <td> </td> <td> </td> <td align="right">124,009</td> <td> </td> <td> </td> <td> </td> <td align="right">323,475</td> <td> </td> <td> </td> <td> </td> <td align="right">328,611</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Other</div></td> <td> </td> <td> </td> <td align="right">30,844</td> <td> </td> <td> </td> <td> </td> <td align="right">30,075</td> <td> </td> <td> </td> <td> </td> <td align="right">79,791</td> <td> </td> <td> </td> <td> </td> <td align="right">77,468</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Total coalition revenues</div></td> <td> </td> <td align="left">$</td> <td align="right">2,232,367</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,093,806</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,576,350</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,304,917</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Coalition profit:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Outdoor & Action Sports</div></td> <td> </td> <td align="left">$</td> <td align="right">247,768</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">209,051</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">461,995</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">364,310</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Jeanswear</div></td> <td> </td> <td> </td> <td align="right">118,155</td> <td> </td> <td> </td> <td> </td> <td align="right">110,782</td> <td> </td> <td> </td> <td> </td> <td align="right">319,372</td> <td> </td> <td> </td> <td> </td> <td align="right">266,699</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Imagewear</div></td> <td> </td> <td> </td> <td align="right">32,719</td> <td> </td> <td> </td> <td> </td> <td align="right">19,521</td> <td> </td> <td> </td> <td> </td> <td align="right">81,551</td> <td> </td> <td> </td> <td> </td> <td align="right">61,476</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Sportswear</div></td> <td> </td> <td> </td> <td align="right">13,789</td> <td> </td> <td> </td> <td> </td> <td align="right">6,919</td> <td> </td> <td> </td> <td> </td> <td align="right">30,697</td> <td> </td> <td> </td> <td> </td> <td align="right">35,003</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Contemporary Brands</div></td> <td> </td> <td> </td> <td align="right">5,198</td> <td> </td> <td> </td> <td> </td> <td align="right">7,503</td> <td> </td> <td> </td> <td> </td> <td align="right">22,122</td> <td> </td> <td> </td> <td> </td> <td align="right">23,946</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Other</div></td> <td> </td> <td> </td> <td align="right">170</td> <td> </td> <td> </td> <td> </td> <td align="right">912</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">(1,065</td> <td>)</td> <td> </td> <td align="left"> </td> <td align="right">283</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Total coalition profit</div></td> <td> </td> <td> </td> <td align="right">417,799</td> <td> </td> <td> </td> <td> </td> <td align="right">317,345</td> <td> </td> <td> </td> <td> </td> <td align="right">914,672</td> <td> </td> <td> </td> <td> </td> <td align="right">751,717</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Corporate and other expenses</div></td> <td> </td> <td align="left"> </td> <td align="right">(62,655</td> <td>)</td> <td> </td> <td align="left"> </td> <td align="right">(52,949</td> <td>)</td> <td> </td> <td align="left"> </td> <td align="right">(158,398</td> <td>)</td> <td> </td> <td align="left"> </td> <td align="right">(149,492</td> <td>)</td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Interest, net</div></td> <td> </td> <td align="left"> </td> <td align="right">(19,947</td> <td>)</td> <td> </td> <td align="left"> </td> <td align="right">(20,905</td> <td>)</td> <td> </td> <td align="left"> </td> <td align="right">(59,950</td> <td>)</td> <td> </td> <td align="left"> </td> <td align="right">(63,409</td> <td>)</td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Income before income taxes</div></td> <td> </td> <td align="left">$</td> <td align="right">335,197</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">297,491</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">696,324</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">538,816</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr></table> </div>

2582000

202384000

-196799000

-1794000

2105758000

2050109000

2057965000

5304917000

2093806000

5576350000

2232367000

55298000

18296000

56166000

19216000

5249619000

2075510000

5520184000

2213151000

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note C </b>– <b>Acquisition</b> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">On March 10, 2010, VF completed the acquisition of its former <font class="_mt">50</font>%-owned joint venture that markets <i>Vans</i><sup style="font-size: 85%; vertical-align: text-top;"><font class="_mt" style="font-family: Symbol;">Ò</font> </sup>branded products in the wholesale channel in Mexico. As part of this transaction, VF also acquired the <i>Vans</i><sup style="font-size: 85%; vertical-align: text-top;"><font class="_mt" style="font-family: Symbol;">Ò</font></sup> retail stores that had been operated by our joint venture partner (together with the wholesale business, "Vans Mexico"). The purchase price of these businesses was $<font class="_mt">31.0</font> million. The carrying value of our initial <font class="_mt">50</font>% investment, recorded in Other Assets, was $<font class="_mt">7.9</font> million at the acquisition date, which included our equity in net income of the joint venture recognized through the acquisition date. VF recognized a $<font class="_mt">5.7</font> million gain in Miscellaneous Income in the first quarter of 2010 from remeasuring its original <font class="_mt">50</font>% investment in the joint venture to fair value. Revenues and pretax earnings recognized in VF's operating results for the third quarter of 2010 were $<font class="_mt">9.8 </font>million and $<font class="_mt">2.1 </font>million, respectively, and for the year-to-date period since the acquisition date were $<font class="_mt">20.0</font> million and $<font class="_mt">4.1</font> million (excluding the $<font class="_mt">5.7</font> million gain), respectively. Acquisition expenses included in VF's results of operations were not significant. Vans Mexico is reported as part of the Outdoor & Action Sports Coalition. </div></div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 6pt; font-size: 10pt;" align="left">Management has allocated the purchase price to acquired tangible and intangible assets and assumed liabilities based on their respective fair values at the acquisition date. Of the total value, $<font class="_mt">23.4</font> million was assigned to indefinite-lived intangible assets (trademarks) and amortizable intangible assets (customer relationships), and $<font class="_mt">16.9</font> million was assigned to goodwill. Goodwill arising from the acquisition related to growth prospects in Mexico, an experienced workforce and synergies with the <i>Vans</i><sup style="font-size: 85%; vertical-align: text-top;"><font class="_mt" style="font-family: Symbol;">Ò</font></sup> business in the United States. Pro forma operating results for periods prior to the acquisition date are not provided because the acquisition was not material to VF's results of operations. </div></div> </div>

<div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="23%"> </td> <td width="4%"> </td> <td width="7%"> </td> <td width="4%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="4%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="4%"> </td> <td width="7%"> </td> <td width="4%"> </td> <td width="7%"> </td> <td width="4%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="4%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" align="left">In thousands</td> <td> </td> <td align="center"><b>Location</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center"> </td> <td> </td> <td align="center" colspan="7"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td align="center"><b>of Gain</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center"><b>Location of</b></td> <td> </td> <td align="center" colspan="7"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td align="center"><b>(Loss) on</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center"><b>Hedged Items</b></td> <td> </td> <td align="center"><b>Gain (Loss)</b></td> <td> </td> <td align="center" colspan="7"><b>Gain (Loss) on</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td align="center"><b>Fair Value</b></td> <td> </td> <td align="center"><b>Derivatives</b></td> <td> </td> <td align="center" colspan="7"><b>Gain (Loss) on Derivatives</b></td> <td> </td> <td align="center"><b>in Fair Value</b></td> <td> </td> <td align="center"><b>Recognized</b></td> <td> </td> <td align="center" colspan="7"><b>Related Hedged Items</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td align="center"><b>Hedging</b></td> <td> </td> <td align="center"><b>Recognized</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="7"><b>Recognized in Income</b></td> <td> </td> <td align="center"><b>Hedge</b></td> <td> </td> <td align="center"><b>on Related</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="7"><b>Recognized in Income</b></td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 1px solid;" align="center"><b>Relationships</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center"><b>in Income</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="3"><b>Three Months</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="3"><b>Nine Months</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center"><b>Relationships</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center"><b>Hedged Items</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="3"><b>Three Months</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="3"><b>Nine Months</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="top" align="left" colspan="3"> <p align="left" style="border-bottom: 1px solid black;">Periods ended September 2010</p></td> <td> </td> <td valign="top" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td></tr> <tr valign="bottom"><td valign="top"> <div style="margin-left: 0px; text-indent: 0px;" align="left">Foreign exchange </div></td> <td> </td> <td valign="top" align="center">Miscellaneous income (expense) </td> <td> </td> <td valign="top" align="right">$</td> <td valign="top" align="right">(2,222)</td> <td valign="top"> </td> <td> </td> <td valign="top" align="right">$</td> <td valign="top" align="right">20,862</td> <td valign="top"> </td> <td> </td> <td valign="top" align="left">Advances — intercompany </td> <td> </td> <td valign="top" align="center">Miscellaneous<br />income<br />(expense) </td> <td> </td> <td valign="top" align="right">$</td> <td valign="top" align="right"> 1,755</td> <td valign="top"> </td> <td> </td> <td valign="top" align="right">$</td> <td valign="top" align="right">(21,246</td> <td valign="top">)</td></tr> <tr valign="bottom"><td valign="top"> <div style="margin-left: 0px; text-indent: 0px;"> </div></td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td valign="top" align="left" colspan="3"> <p align="left" style="border-bottom: 1px solid black;">Periods ended September 2009</p></td> <td> </td> <td valign="top" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" align="left"> </td> <td> </td> <td valign="top" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td> <td> </td> <td valign="top" align="right"> </td> <td valign="top" align="right"> </td> <td valign="top"> </td></tr> <tr valign="bottom"><td valign="top"> <div style="margin-left: 0px; text-indent: 0px;" align="left">Foreign exchange </div></td> <td> </td> <td valign="top" align="center">Miscellaneous income (expense) </td> <td> </td> <td valign="top" align="right">$</td> <td valign="top" align="right">(5,564</td> <td valign="top">)</td> <td> </td> <td valign="top" align="right">$</td> <td valign="top" align="right">2,540</td> <td valign="top"> </td> <td> </td> <td valign="top" align="left">Advances — intercompany </td> <td> </td> <td valign="top" align="center">Miscellaneous<br />income<br />(expense) </td> <td> </td> <td valign="top" align="right">$</td> <td valign="top" align="right">5,456</td> <td valign="top"> </td> <td> </td> <td valign="top" align="right">$</td> <td valign="top" align="right">(3,343</td> <td valign="top">)</td></tr></table> </div>

<div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="64%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td align="left">In thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="3"><b>September 2010</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="3"><b>December 2009</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="3"><b>September 2009</b></td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Other current assets</div></td> <td> </td> <td align="right">$</td> <td align="right">5,465</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">6,843</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right"> <p>6,322</p></td> <td> <p> </p></td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Accrued current liabilities</div></td> <td> </td> <td align="right"> </td> <td align="right">(35,111</td> <td>)</td> <td> </td> <td align="right"> </td> <td align="right">(13,476</td> <td>)</td> <td> </td> <td align="right"> </td> <td align="right">(24,591)</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Other assets (noncurrent)</div></td> <td> </td> <td> </td> <td align="right">3,062</td> <td> </td> <td> </td> <td> </td> <td align="right">1,693</td> <td> </td> <td> </td> <td> </td> <td align="right">232</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Other liabilities (noncurrent)</div></td> <td> </td> <td align="right"> </td> <td align="right">(8,306</td> <td>)</td> <td> </td> <td align="right"> </td> <td align="right">(111</td> <td>)</td> <td> </td> <td align="right"> </td> <td align="right">(983)</td> <td> </td></tr></table> </div>

<div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="28%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td align="center" colspan="10"><b>Fair Value of Derivatives</b></td> <td> </td> <td> </td> <td align="center" colspan="10"><b>Fair Value of Derivatives</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="10"><b>with Unrealized Gains</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="10"><b>with Unrealized Losses</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td align="center" colspan="2"><b>September</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>December</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>September</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>September</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>December</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>September</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" align="left">In thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2009</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Foreign exchange contracts designated as hedging instruments</div></td> <td> </td> <td align="left">$</td> <td align="right">18,738</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">11,183</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,038</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">54,264</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,769</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">27,303</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Foreign exchange contracts not designated as hedging instruments</div></td> <td> </td> <td> </td> <td align="right">1,211</td> <td> </td> <td> </td> <td> </td> <td align="right">560</td> <td> </td> <td> </td> <td> </td> <td align="right">2,309</td> <td> </td> <td> </td> <td> </td> <td align="right">575</td> <td> </td> <td> </td> <td> </td> <td align="right">25</td> <td> </td> <td> </td> <td> </td> <td align="right">64</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Total derivatives</div></td> <td> </td> <td align="left">$</td> <td align="right">19,949</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">11,743</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,347</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">54,839</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,794</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">27,367</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr></table> </div>

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note F — Goodwill</b> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left"> <div style="font-family: 'Times New Roman',Times,serif;"> <div align="center"> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Outdoor &</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>Contemporary</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" nowrap="nowrap" align="left">In thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Action Sports</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Jeanswear</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Imagewear</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Sportswear</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Brands</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>Total</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Balance, December 2009</div></td> <td> </td> <td align="left">$</td> <td align="right">535,535</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">238,930</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">56,703</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">157,314</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">379,198</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,367,680</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Reclassification of lucy business unit</div></td> <td> </td> <td> </td> <td align="right">39,344</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(39,344</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">2010 acquisition</div></td> <td> </td> <td> </td> <td align="right">16,938</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">16,938</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Adjustment to contingent consideration</div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(78</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(78</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Currency translation</div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10,548</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,406</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,324</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(14,278</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Balance, September 2010</div></td> <td> </td> <td align="left">$</td> <td align="right">581,191</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">237,524</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">56,703</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">157,314</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">337,530</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,370,262</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr></table></div></div>Balances at December 2009 are net of impairment charges recorded during 2009, as follows: Outdoor & Action Sports — $<font class="_mt">31.1 </font>million, Sportswear — $<font class="_mt">58.5</font> million and Contemporary Brands — $<font class="_mt">12.3</font> million.</div></div></div></div> </div>

<div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="10"><b>September 2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>December 2009</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td align="center" colspan="2"><b>Weighted</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Gross</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Net</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Net</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td align="center" colspan="2"><b>Average</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Carrying</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Accumulated</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Carrying</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Carrying</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" align="left">Dollars in thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Life *</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Amount</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Amortization</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Amount</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Amount</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Amortizable intangible assets:</div></td> <td> </td> <td> <p> </p></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Customer relationships</div></td> <td> </td> <td align="center" colspan="3"><font class="_mt">19 </font>years</td> <td> </td> <td align="left">$</td> <td align="right"> <p>447,392</p></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">101,704</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">345,688</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">361,039</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">License agreements</div></td> <td> </td> <td align="center" colspan="3"><font class="_mt">24 </font>years</td> <td> </td> <td> </td> <td align="right">179,773</td> <td> </td> <td> </td> <td> </td> <td align="right">49,564</td> <td> </td> <td> </td> <td> </td> <td align="right">130,209</td> <td> </td> <td> </td> <td> </td> <td align="right">137,477</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Trademarks and other</div></td> <td> </td> <td align="center" colspan="3"><font class="_mt">7 </font>years</td> <td> </td> <td> </td> <td align="right">15,097</td> <td> </td> <td> </td> <td> </td> <td align="right">10,001</td> <td> </td> <td> </td> <td> </td> <td align="right">5,096</td> <td> </td> <td> </td> <td> </td> <td align="right">6,615</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Amortizable intangible assets, net</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">480,993</td> <td> </td> <td> </td> <td> </td> <td align="right">505,101</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Indefinite-lived intangible assets:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;">Trademarks</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1,034,268</td> <td> </td> <td> </td> <td> </td> <td align="right">1,030,020</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Intangible assets, net</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,515,261</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,535,121</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr></table> </div>

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note B – Changes in Accounting Policies</b> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">During the first quarter of 2010, VF adopted new accounting guidance issued by the Financial Accounting Standards Board ("FASB") related to transfers of financial assets. This guidance modifies the requirements for derecognizing financial assets from a balance sheet and requires additional disclosures about transfers of financial assets and any continuing involvement by the transferor. The new guidance did not have any impact on our operating results, financial condition or disclosures. </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">Also during the first quarter of 2010, VF adopted new accounting guidance for disclosures of fair value measurements. This guidance requires disclosures about transfers into and out of Levels 1 and 2 of the fair value hierarchy and separate disclosures about activity within Level 3 of the fair value hierarchy. The guidance also expands disclosures related to fair values of assets and liabilities and valuation techniques used to measure fair value. Additional disclosures have been provided as appropriate.</div></div> </div>

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note P — Subsequent Event</b> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">VF's Board of Directors declared a quarterly cash dividend of $<font class="_mt">0.63</font> per share, payable on December 20, 2010 to shareholders of record on December 10, 2010. </div></div> </div>

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note H – Business Segment Information</b> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">VF's businesses are grouped into product categories, and by brands within those product categories, for internal financial reporting used by management. These groupings of businesses within VF are referred to as "coalitions" and are the basis for VF's reportable business segments. Financial information for VF's reportable segments is as follows: </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left"> <div style="font-family: 'Times New Roman',Times,serif;"> <div align="center"> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended September</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="6"><b>Nine Months Ended September</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" nowrap="nowrap" align="left">In thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Coalition revenues:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Outdoor & Action Sports</div></td> <td> </td> <td align="left">$</td> <td align="right">1,045,111</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">904,625</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,308,120</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,021,095</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Jeanswear</div></td> <td> </td> <td> </td> <td align="right">671.023</td> <td> </td> <td> </td> <td> </td> <td align="right">664,801</td> <td> </td> <td> </td> <td> </td> <td align="right">1,849,104</td> <td> </td> <td> </td> <td> </td> <td align="right">1,877,605</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Imagewear</div></td> <td> </td> <td> </td> <td align="right">243,075</td> <td> </td> <td> </td> <td> </td> <td align="right">221,246</td> <td> </td> <td> </td> <td> </td> <td align="right">675,598</td> <td> </td> <td> </td> <td> </td> <td align="right">643,203</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Sportswear</div></td> <td> </td> <td> </td> <td align="right">129,011</td> <td> </td> <td> </td> <td> </td> <td align="right">149,050</td> <td> </td> <td> </td> <td> </td> <td align="right">340,262</td> <td> </td> <td> </td> <td> </td> <td align="right">356,935</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Contemporary Brands</div></td> <td> </td> <td> </td> <td align="right">113,303</td> <td> </td> <td> </td> <td> </td> <td align="right">124,009</td> <td> </td> <td> </td> <td> </td> <td align="right">323,475</td> <td> </td> <td> </td> <td> </td> <td align="right">328,611</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Other</div></td> <td> </td> <td> </td> <td align="right">30,844</td> <td> </td> <td> </td> <td> </td> <td align="right">30,075</td> <td> </td> <td> </td> <td> </td> <td align="right">79,791</td> <td> </td> <td> </td> <td> </td> <td align="right">77,468</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Total coalition revenues</div></td> <td> </td> <td align="left">$</td> <td align="right">2,232,367</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,093,806</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,576,350</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,304,917</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Coalition profit:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Outdoor & Action Sports</div></td> <td> </td> <td align="left">$</td> <td align="right">247,768</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">209,051</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">461,995</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">364,310</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Jeanswear</div></td> <td> </td> <td> </td> <td align="right">118,155</td> <td> </td> <td> </td> <td> </td> <td align="right">110,782</td> <td> </td> <td> </td> <td> </td> <td align="right">319,372</td> <td> </td> <td> </td> <td> </td> <td align="right">266,699</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Imagewear</div></td> <td> </td> <td> </td> <td align="right">32,719</td> <td> </td> <td> </td> <td> </td> <td align="right">19,521</td> <td> </td> <td> </td> <td> </td> <td align="right">81,551</td> <td> </td> <td> </td> <td> </td> <td align="right">61,476</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Sportswear</div></td> <td> </td> <td> </td> <td align="right">13,789</td> <td> </td> <td> </td> <td> </td> <td align="right">6,919</td> <td> </td> <td> </td> <td> </td> <td align="right">30,697</td> <td> </td> <td> </td> <td> </td> <td align="right">35,003</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Contemporary Brands</div></td> <td> </td> <td> </td> <td align="right">5,198</td> <td> </td> <td> </td> <td> </td> <td align="right">7,503</td> <td> </td> <td> </td> <td> </td> <td align="right">22,122</td> <td> </td> <td> </td> <td> </td> <td align="right">23,946</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Other</div></td> <td> </td> <td> </td> <td align="right">170</td> <td> </td> <td> </td> <td> </td> <td align="right">912</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,065</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">283</td> <td nowrap="nowrap"> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Total coalition profit</div></td> <td> </td> <td> </td> <td align="right">417,799</td> <td> </td> <td> </td> <td> </td> <td align="right">317,345</td> <td> </td> <td> </td> <td> </td> <td align="right">914,672</td> <td> </td> <td> </td> <td> </td> <td align="right">751,717</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Corporate and other expenses</div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(62,655</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(52,949</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(158,398</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(149,492</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Interest, net</div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(19,947</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(20,905</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(59,950</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(63,409</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Income before income taxes</div></td> <td> </td> <td align="left">$</td> <td align="right">335,197</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">297,491</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">696,324</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">538,816</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr></table></div></div></div></div> <div style="font-family: 'Times New Roman',Times,serif;"> <div> </div> <div style="margin-top: 6pt; font-size: 10pt;">Operating results of the lucy business unit for 2009 have been reclassified from the Contemporary Brands Coalition to the Outdoor & Action Sports Coalition consistent with the change in internal management reporting beginning in 2010. </div></div> </div>

751717000

317345000

914672000

417799000

23946000

61476000

266699000

283000

364310000

35003000

7503000

19521000

110782000

912000

209051000

6919000

22122000

81551000

319372000

-1065000

461995000

30697000

5198000

32719000

118155000

170000

247768000

13789000

328611000

643203000

1877605000

77468000

2021095000

356935000

124009000

221246000

664801000

30075000

904625000

149050000

323475000

675598000

1849104000

79791000

2308120000

340262000

113303000

243075000

671023000

30844000

1045111000

129011000

-149492000

-52949000

-158398000

-62655000

1709664000

610072000

1858937000

682443000

26998000

47591000

37000

324302

70000

82.80

87.05

72.10

0.037

0.35

1312072

74.98

18.46

252175000

45453000

49022000

29.1

-276294000

1749464000

109848000

1353000

1972874000

3857568000

3813285000

-209742000

1864499000

110285000

-1866000

2050109000

3938309000

-229199000

2002160000

108144000

-761000

2057964000

<div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note I — Capital and Accumulated Other Comprehensive Income (Loss)</b> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">Common stock outstanding is net of shares held in treasury and, in substance, retired. There were <font class="_mt">17,910,533 </font>treasury shares at September 2010, <font class="_mt">13,943,457 </font>at December 2009 and <font class="_mt">13,162,657 </font>at September 2009. The excess of the cost of treasury shares acquired over the $<font class="_mt">1</font> per share stated value of Common Stock is deducted from Retained Earnings. In addition, <font class="_mt">246,410 </font>shares of VF Common Stock at September 2010, <font class="_mt">241,446 </font>shares at December 2009 and <font class="_mt">256,221 </font>shares at September 2009 were held in connection with deferred compensation plans. These shares, having a cost of $<font class="_mt">10.6</font> million, $<font class="_mt">11.0</font> million and $<font class="_mt">11.5</font> million at each of the respective dates, are treated as treasury shares for financial reporting purposes. </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">There are <font class="_mt">25,000,000</font> authorized shares of Preferred Stock, $<font class="_mt">1</font> par value, of which none are outstanding. </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">Comprehensive income includes net income and specified components of other comprehensive income. Other comprehensive income ("OCI") consists of certain changes in assets and liabilities that are not included in net income under GAAP but are instead deferred and accumulated within a separate component of stockholders' equity in the balance sheet. VF's comprehensive income is presented in the Consolidated Statements of Comprehensive Income. The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in Accumulated Other Comprehensive Income (Loss) in Stockholders' Equity, as follows:<br /></div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="font-family: 'Times New Roman',Times,serif;"> <div align="center"> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>September</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>December</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>September</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" nowrap="nowrap" align="left">In thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Foreign currency translation</div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">17,286</td> <td nowrap="nowrap"> </td> <td> </td> <td align="left">$</td> <td align="right">59,671</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">74,866</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Defined benefit pension plans</div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(242,888</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(265,970</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(261,121</td> <td nowrap="nowrap">)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Derivative financial instruments</div></td> <td> </td> <td> </td> <td align="right">(6,343)</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,180</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(16,347</td> <td nowrap="nowrap">)</td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Marketable securities</div></td> <td> </td> <td> </td> <td align="right">2,746</td> <td> </td> <td> </td> <td> </td> <td align="right">2,737</td> <td> </td> <td> </td> <td> </td> <td align="right">894</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Accumulated other comprehensive income (loss)</div></td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(229,199</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(209,742</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(201,708</td> <td nowrap="nowrap">)</td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" nowrap="nowrap" align="right" colspan="2"> </td> <td> </td></tr></table></div></div></div></div> </div>

115035000

1977000

-12732000

137661000

1812000

-3240000

-1560000

-110415000

-4060000

-318147000

-87000

13162657

13943457

17910533

8300000

8700000

28100000

1099000

1264000

1399000

1309000

111471000

112145000

110492000

109190000

110372000

110881000

109093000

107881000

57600000 74200000 118500000 372516000 372516000 132213000 132213000 81554000 81554000 109682000 109682000 20000 793000 107000 8103000 199831000 199831000 205451000 205451000 2700000 <div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td align="center" colspan="2"><b>Outdoor &</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Contemporary</b></td> <td> </td> <td> </td> <td align="center" colspan="2"> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" align="left">In thousands</td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Action Sports</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Jeanswear</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Imagewear</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Sportswear</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Brands</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Total</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Balance, December 2009</div></td> <td> </td> <td align="left">$</td> <td align="right">535,535</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">238,930</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">56,703</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">157,314</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">379,198</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,367,680</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Reclassification of lucy business unit</div></td> <td> </td> <td> </td> <td align="right">39,344</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">(39,344</td> <td>)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">2010 acquisition</div></td> <td> </td> <td> </td> <td align="right">16,938</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">16,938</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Adjustment to contingent consideration</div></td> <td> </td> <td align="left"> </td> <td align="right">(78</td> <td>)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">(78</td> <td>)</td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Currency translation</div></td> <td> </td> <td align="left"> </td> <td align="right">(10,548</td> <td>)</td> <td> </td> <td align="left"> </td> <td align="right">(1,406</td> <td>)</td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">(2,324</td> <td>)</td> <td> </td> <td align="left"> </td> <td align="right">(14,278</td> <td>)</td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Balance, September 2010</div></td> <td> </td> <td align="left">$</td> <td align="right">581,191</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">237,524</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">56,703</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">157,314</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">337,530</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,370,262</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr></table> </div> 175198000 133764000 41434000 178160000 140639000 37521000 7108000 7108000 10073000 10073000 100000000 192500000 256221 241446 246410 <div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note O — Recently Issued Accounting Standards</b> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">There is no new accounting guidance issued by the FASB but not effective until after September 2010 that is expected to have a significant effect on VF's consolidated financial position, results of operations or disclosures. </div></div> </div> -39344000 39344000 <div> <div style="font-family: 'Times New Roman',Times,serif;"> <div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>Note D – Sale of Accounts Receivable</b> </div> <div style="margin-top: 6pt; font-size: 10pt;" align="left">In September 2009, VF entered into an agreement to sell selected trade accounts receivable, on a nonrecourse basis, to a financial institution. This agreement allows VF to have up to $<font class="_mt">192.5</font> million of accounts receivable held by the financial institution at any point in time. After the sale, VF continues to service and collect these accounts receivable on behalf of the financial institution but does not retain any other interests in the receivables. At the end of September 2010, December 2009 and September 2009, accounts receivable in the Consolidated Balance Sheets had been reduced by $<font class="_mt">118.5 </font>million, $<font class="_mt">74.2</font> million and $<font class="_mt">57.6</font> million, respectively, related to balances sold under this program. During the first nine months of <font class="_mt">2010</font>, VF sold $<font class="_mt">750.9 </font>million of accounts receivable at their stated amounts, less a funding fee of $<font class="_mt">1.3 </font>million, which was recorded in Miscellaneous Expense. Net proceeds of this program are recognized as part of the change in accounts receivable in cash provided by operating activities in the Consolidated Statements of Cash Flows.</div></div> </div> 1300000 <div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Location of</b></td> <td> </td> <td> </td> <td align="center" colspan="6"> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" align="center">In thousands</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Gain (Loss)</b></td> <td> </td> <td> </td> <td align="center" colspan="6"><b>Gain (Loss) Reclassified</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td align="center"><b>Cash Flow</b></td> <td> </td> <td align="center" colspan="6"><b>Gain (Loss) on Derivatives</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Reclassified from</b></td> <td> </td> <td> </td> <td align="center" colspan="6"><b>from Accumulated</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td align="center"><b>Hedging</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="6"><b>Recognized in OCI</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Accumulated</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="6"><b>OCI into Income</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 1px solid;" align="center"><b>Relationships</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Three Months</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Nine Months</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>OCI into Income</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Three Months</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Nine Moths</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left"><u>Periods ended September 2010</u></div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Foreign exchange</div></td> <td> </td> <td align="left">$</td> <td align="right">(36,261)</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">254</td> <td> </td> <td> </td> <td align="center" colspan="3">Net sales</td> <td> </td> <td align="left">$</td> <td align="right">432</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">(832</td> <td>)</td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="3">Cost of goods sold</td> <td> </td> <td> </td> <td align="right">8,186</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">2,473</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="3">Miscellaneous income (expense)</td> <td> </td> <td> </td> <td align="right">(406)</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">(1,210)</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Interest rate</div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="center" colspan="3">Interest expense</td> <td> </td> <td> </td> <td align="right">29</td> <td> </td> <td> </td> <td> </td> <td align="right">87</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 0px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Total</div></td> <td> </td> <td align="left">$</td> <td align="right">(36,261)</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">254</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">8,241</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">518</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left"><u>Periods ended September 2009</u></div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Foreign exchange</div></td> <td> </td> <td align="left">$</td> <td align="right">(13,583</td> <td>)</td> <td> </td> <td align="left">$</td> <td align="right">(14,859</td> <td>)</td> <td> </td> <td align="center" colspan="3">Net sales</td> <td> </td> <td align="left">$</td> <td align="right">(2,322</td> <td>)</td> <td> </td> <td align="left">$</td> <td align="right">2,245</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="3">Cost of goods sold</td> <td> </td> <td> </td> <td align="right">(6,208)</td> <td> </td> <td> </td> <td> </td> <td align="right">(1,215)</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="3">Miscellaneous income (expense)</td> <td> </td> <td align="left"> </td> <td align="right">(1,010</td> <td>)</td> <td> </td> <td> </td> <td align="right">(267)</td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Interest rate</div></td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td align="center" colspan="3">Interest expense</td> <td> </td> <td> </td> <td align="right">29</td> <td> </td> <td> </td> <td> </td> <td align="right">87</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 0px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Total</div></td> <td> </td> <td align="left">$</td> <td align="right">(13,583</td> <td>)</td> <td> </td> <td align="left">$</td> <td align="right">(14,859</td> <td>)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">(4,867)</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">850</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr></table> </div> <div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr valign="bottom"><td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Location of</b></td> <td> </td> <td> </td> <td align="center" colspan="6"> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td align="center"><b>Net</b></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Gain (Loss)</b></td> <td> </td> <td> </td> <td align="center" colspan="6"><b>Gain (Loss) Reclassified</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td align="center"><b>Investment</b></td> <td> </td> <td align="center" colspan="6"><b>Gain (Loss) on Derivatives</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Reclassified from</b></td> <td> </td> <td> </td> <td align="center" colspan="6"><b>from Accumulated</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td align="center"><b>Hedging</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="6"><b>Recognized in OCI</b></td> <td> </td> <td> </td> <td align="center" colspan="2"><b>Accumulated</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="6"><b>OCI into Income</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 1px solid;" align="center"><b>Relationships</b></td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Three Months</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Nine Months</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>OCI into Income</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Three Months</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>Nine Months</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Periods ended September 2010</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td align="left"> <div style="margin-left: 15px; text-indent: -15px;">Foreign exchange</div></td> <td> </td> <td align="left">$</td> <td align="right">(87</td> <td>)</td> <td> </td> <td align="left">$</td> <td align="right">(87</td> <td>)</td> <td> </td> <td align="center" colspan="3">Miscellaneous income (expense) *</td> <td> </td> <td align="left">$</td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">—</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;">Total</div></td> <td> </td> <td align="left">$</td> <td align="right">(87</td> <td>)</td> <td> </td> <td align="left">$</td> <td align="right">(87</td> <td>)</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">—</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr></table> </div> <div> <table style="font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td align="center" colspan="6"><b>Three Months</b></td> <td> </td> <td> </td> <td align="center" colspan="6"><b>Nine Months</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="6"><b>Ended September</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="6"><b>Ended September</b></td> <td> </td></tr> <tr style="font-size: 8pt;" valign="bottom"><td style="border-bottom: #000000 0px solid;" align="left">In thousands, except per share amounts</td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td style="border-bottom: #000000 1px solid;" align="center" colspan="2"><b>2009</b></td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Earnings per common share – basic:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Net income attributable to VF Corporation</div></td> <td> </td> <td align="left">$</td> <td align="right">242,787</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">217,920</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">517,138</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">394,386</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Weighted average Common Stock outstanding</div></td> <td> </td> <td> </td> <td align="right">107,881</td> <td> </td> <td> </td> <td> </td> <td align="right">110,881</td> <td> </td> <td> </td> <td> </td> <td align="right">109,093</td> <td> </td> <td> </td> <td> </td> <td align="right">110,372</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Earnings per common share attributable to VF Corporation common stockholders</div></td> <td> </td> <td align="left">$</td> <td align="right">2.25</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1.97</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4.74</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3.57</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;" align="left">Earnings per common share – diluted:</div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Net income attributable to VF Corporation</div></td> <td> </td> <td align="left">$</td> <td align="right">242,787</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">217,920</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">517,138</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">394,386</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Weighted average Common Stock outstanding</div></td> <td> </td> <td> </td> <td align="right">107,881</td> <td> </td> <td> </td> <td> </td> <td align="right">110,881</td> <td> </td> <td> </td> <td> </td> <td align="right">109,093</td> <td> </td> <td> </td> <td> </td> <td align="right">110,372</td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Stock options and other dilutive securities</div></td> <td> </td> <td> </td> <td align="right">1,309</td> <td> </td> <td> </td> <td> </td> <td align="right">1,264</td> <td> </td> <td> </td> <td> </td> <td align="right"> <p>1,399</p></td> <td> </td> <td> </td> <td> </td> <td align="right">1,099</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 1px solid;" align="right" colspan="2"> </td> <td> </td></tr> <tr style="background: #cceeff;" valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Weighted average Common Stock and dilutive securities outstanding</div></td> <td> </td> <td> </td> <td align="right">109,190</td> <td> </td> <td> </td> <td> </td> <td align="right">112,145</td> <td> </td> <td> </td> <td> </td> <td align="right">110,492</td> <td> </td> <td> </td> <td> </td> <td align="right">111,471</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 15px; text-indent: -15px;"> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> <div style="margin-left: 30px; text-indent: -15px;" align="left">Earnings per common share attributable to VF Corporation common stockholders</div></td> <td> </td> <td align="left">$</td> <td align="right">2.22</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1.94</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4.68</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3.54</td> <td> </td></tr> <tr style="font-size: 1px;"><td> <div style="margin-left: 30px; text-indent: -15px;"> </div></td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td> <td> </td> <td style="border-top: #000000 3px double;" align="right" colspan="2"> </td> <td> </td></tr></table> </div> 750900000 7.6 5.5 0.24 0.002 0.037 0.39